Searches And Hires
The commitment is part of the retirement system’s pacing schedule for the asset class.
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
The retirement system also hired a new hedge fund manager in the second quarter.
The plans also replaced a domestic large-cap growth equity manager due to underperformance.
The retirement system will interview the firms in November for $1.3 billion in total mandates.
The plans replaced their domestic mid-cap growth equity manager, which had been on watch since the fourth quarter.
The retirement system approved commitments following finalist presentations held last month.
The firm will provide investment consulting services for the county’s soon-to-be merged asset pools.
The deferred compensation plan replaced an underperforming domestic large-cap value equity manager in the second quarter.
The district is seeking discretionary or non-discretionary services for its $140 million portfolio.